🚨 TGI Fridays Faces Major Restaurant Closures: Potential Bankruptcy Looms

TGI Fridays has recently closed a significant number of its restaurants across the U.S., raising concerns that the casual dining chain may be headed toward bankruptcy.

Starting the year with 270 locations, TGI Fridays now has only 164 operational restaurants, having shuttered 51 in just the past two weeks. This marks the largest wave of closures since January when the company closed 36 underperforming locations.

While no official list of closures has been provided, local news reports from states like California, New Jersey, New York, and Ohio indicate several abrupt shutdowns.

These closures may signal TGI Fridays’ preparations to file for Chapter 11 bankruptcy in the coming weeks. This trend follows years of declining sales as inflation pushes consumers toward more affordable dining options like fast food.

If you still have a TGI Fridays nearby, now’s the time to use your Rewards! The Fridays Rewards loyalty program remains active at the remaining locations. While the chain’s future is uncertain, consider cashing in your reward points soon!

Rewards Breakdown:

• 75 Points: Any appetizer for free
• 150 Points: Any entrée for free

Enjoy your favorites while you can! For more details on this situation, check out the full report here.